Brent crude, the international standard, remained stubbornly over $100 a barrel on Monday.

Brent and U.S. crude futures have already spiked, surging more than 40% so far this month to their highest levels since 2022.

Brent crude, the international standard, remained stubbornly over $100 a barrel on Monday.

Oil prices advanced on Tuesday as energy market participants monitored Middle East supply disruptions.

If the disruptions from Tehran's attacks keep oil and gas prices high for long, they could create a debilitating wave of inflation for the global economy.

Brent crude, the international benchmark, rose to near $114 per barrel, up from under $73 per barrel on the eve of the war.